ItN Nanovation AG (ISIN DE000A0JL461), a Nanostart
portfolio company, has signed an exclusive cooperation agreement with ThyssenKrupp
Xervon Energy GmbH covering the marketing and distribution of the Nanocomp PP
product line from ItN Nanovation.
This innovative solution uses the company’s proprietary nanoceramic technology
as a protective coating for the combustion chambers and downstream areas of
power plants. The cooperation will address the needs of fossil fuel-fired power
plants and scrubbers; incineration plants for trash, hazardous waste, biomass
and sewage sludge; and high-temperature industrial production facilities for
glass, cement and metals. In addition to Germany, the home market for both companies,
the partnership will extent to Spain, Italy, Poland, the Benelux countries and
various southeast European countries.
Under the terms of the agreement, ThyssenKrupp Xervon Energy will contribute
its extensive market access and local presence throughout these countries, while
ItN Nanovation will provide its Nanocomp PP technology on an exclusive basis,
along with related training. The agreement excludes existing customers of ItN
Nanovation.
ThyssenKrupp Xervon Energy GmbH is one of the world’s leading service
providers to the power generation industry. The company is a 100% subsidiary
of ThyssenKrupp Xervon GmbH.
Nanostart AG, headquartered in the German financial capital of Frankfurt,
is the world’s leading nanotechnology investment company, with portfolio
companies spanning the globe from Silicon Valley to Singapore. The company provides
venture capital financing for nanotechnology companies in various growth phases
with a focus on innovation-driven industries of the future such as cleantech,
life sciences and IT/electronics. Through its subsidiary and venture capital
fund in Singapore, Nanostart is proud to be the investment partner of the Singaporean
government.
ItN Nanovation AG, founded in 2000, is one of the leading nanotechnology companies
in the world, developing innovative ceramic products, such as filtration systems
and coatings, for large industrial customers. The nanoscale powder needed for
those products is manufactured by the company itself. The filtration products
from ItN Nanovation can be used for drinking water purification, waste water
treatment, as beverage filters and for the separation of oil and water. Ceramic
coatings based on nanotechnology are used in a variety of ways as protective
and catalytic coatings in various industries: from baking ovens to aluminum
foundries to coal-fired power plants. The company's success is founded on an
extensive product portfolio, combined with comprehensive development and application
know-how.